Gold markets initially fell during the course of the week but turned back around to form a relatively neutral looking candle. It appears that we are
Gold markets initially fell during the course of the week but turned back around to form a relatively neutral looking candle. It appears that we are trying to find some type of support in this general vicinity, but quite frankly the markets are very negative and as a result we look at any rally at this point in time as a potential selling opportunity. On top of that, the US dollar appears to be strengthening overall, and that of course is going to be negative for gold in general.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
